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Q. Fixed assets are held by business for _____.

Q. Bookkeeping is a/an……………………of correctly recording of business transition.

Q. Small items like, pencils, pens, files, etc. are written off within a year according to _____ concept.

Q. The assets that can be easily converted into cash within a short period, i.e., 1 year or less are known as

Q. Accounting furnishes data on

Q. All those to whom business owes money are:

Q. The main object of cost accounting is:

Q. Historical cost concept requires the valuation of an asset at

Q. For every debit there will be an equal credit according to

Q. Profit and loss is calculated at the stage of